|Market Close||Market Close|
|Gas prices decreased on Monday morning as overall fundamentals were bearish, with healthy supply levels, an expected flurry of LNG deliveries and a forecast of moderate temperatures. However, the system fell short later in the day and near-curve prices ended the session flat as a result.||Power prices decreased, following falling gas prices and weak fundamentals. Moderate temperatures, healthy wind levels and lower feedstock prices helped to pressure down contracts across the curve.|
|Market Open||Market Open|
|Gas prices display further losses this morning, tracking overall energy markets. Temperatures remain above the seasonal norm, while strong wind levels have reduced gas-fired power demand. The busy LNG schedule has also added to the bearish sentiment.||Markets are unchanged this morning and power prices continue to weaken, mirroring movement on the gas-curve. A drop in feedstock prices has resulted in increased selling interest on power markets, while a mild weather forecast should reduce demand in the UK.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices are stable-to-bullish this morning with little to pressure down prices following news of further production cuts in Saudi Arabia; Brent currently trades around $64.3/b.
1-year forward prices
Market close data has revealed that the 1-year forward price for both commercial gas & commercial electricity decreased – closing at 38.97ppt and £45.63/MWh, respectively.
Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.
Click graph to enlarge
If you would like to learn more about how Apollo Energy can help your business find the best deal on its gas and energy contracts then feel free to get in touch by calling us on 01257 239500 or using the form on our contact form.